MAY 18.2% 3.9¢ melbana energy limited

2020 - 15 months.....by that time we'll have had a minimum of 2...

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    2020 - 15 months.....by that time we'll have had a minimum of 2 wells drilled in Block 9, a 3rd only months away and possibly a revenue stream from Santa Cruz....more than happy to wait a year or so if it means Total/Santos take up the option to drill as that'd be incredibly bullish.....GAME ON indeed!!! The market has missed the valuation of the Cuba deal, i put the SP mid 3's on a 50% discounted risk basis for the LOI, once a binding agreement is signed this becomes 7 - 8c for a heavily discounted risk valuation on Block 9 alone. Trouble is the SP has been put into a choke hold and manipulated to breaking point, that it's scared off most potential new investor's and rattled quite a few out of the tree too.....however, a big rerate is coming once the market wakes up to what's lining up here and can see through the "funny buggers" going on with the SP.
 
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